Valerie Shipping Inc. v. Korea Line Singapore PTE, Ltd.

Filing 164

ORDER GRANTING 162 Stipulation for Final Distribution of Funds From the Proceeds of Sale of the Vessel MT Blue Jade. Signed by Judge Jeffrey S. White on 8/3/11. (jjoS, COURT STAFF) (Filed on 8/3/2011)

Case3:11-cv-00911-JSW Document162-1

Filed07/26/11 Page1 of 2

1 JOHN D. GIFFIN, CASB No. 89608
[e-mail]
2 ELIZABETH P. BEAZLEY, CASB No. 138198
[e-mail]
3 JAMES A. MARISSEN, CASB No. 257699
[e-mail]
4 TARA B. VOSS, CASB No. 261967
[e-mail]
5 KEESAL, YOUNG & LOGAN
A Professional Corporation
6 400 Oceangate, P.O. Box 1730
Long Beach, California 90801-1730
7 Telephone: [phone]
Facsimile: [phone]
8
Attorneys for
9 NORDEA BANK FINLAND PLC, Singapore Branch
10
11

UNITED STATES DISTRICT COURT

12

NORTHERN DISTRICT OF CALIFORNIA

13
Case No. CV 110911 JSW

14 VALERIE SHIPPING INC.,
Plaintiff,

15
16

VS.

[PROPOSED] ORDER GRANTING
FINAL DISTRIBUTION OF FUNDS
FROM THE PROCEEDS OF SALE OF
THE VESSEL MIT BLUE JADE

17 KOREA LINE SINGAPORE PTE, LTD.,
Defendant.

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19

irni

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NORDEA BANK FINLAND PLC,
21 SINGAPORE BRANCH.
22

Intervening Plaintiff.

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24 TO ALL PARTIES AND THEIR COUNSEL OF RECORD:
25

The Court having considered the stipulation of NORDEA BANK FINLAND

26 PLC, SINGAPORE BRANCH and MARIANNE KIRK A.S., as well as its file herein, and
27 for good cause showing, HEREBY ORDERS THAT:
28 1111
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KYL_LB 1423075

CEEDS bF SALE OF THE VESSEL M/T BLUE JADE - Case No. CV 110911 JSW

Case3:11-cv-00911-JSW Document162-1

1

1.

Filed07/26/11 Page2 of 2

MARIANNE KIRK A.S. ("Kirk") is entitled to recover USD$40,665.80

2 in valid custodia legis expenses.
3

2.

The Clerk of the Court shall issue a check sourced from the funds on

4 deposit with the Registry of the Court from the proceeds of sale of the Singapore flagged
5 tanker M/T! BLUE JADE, IMO No. 9419735, her masts, boilers, cables, engines,
6 machinery, etc. (the "Vessel") in the amount of USD$40,665.80 made payable to
7 KEESAL, YOUNG & LOGAN, such payment constituting full satisfaction of any of
8 claims by Kirk against the Vessel and/or proceeds of sale.

9

3.

R.S. PLATOU SHIPBROKERS A.S ("Platou") is entitled to recover

10 USD$ 176,275 in valid custodia legis expenses.
11

4.

The Clerk of the Court shall issue a check sourced from the funds on

12 deposit with the Registry of the Court from the proceeds of sale of the Vessel in the
13 amount of USD$ 176,275 made payable to KEESAL, YOUNG & LOGAN, such payment
14 constituting full satisfaction of Platou’s custodia legis expenses.
15

5.

The Clerk of the Court shall issue a check for the entire remaining

16 balance of the funds on deposit with the Registry of the Court from the proceeds of sale
17 of the Vessel, inclusive of all accrued interest, to NORDEA BANK FINLAND PLC,
18 SINGAPORE BRANCH made payable to KEESAL, YOUNG & LOGAN consistent with
19 the default judgment in action in rem entered in favor of Nordea on July 22, 2011.
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23

IT IS SO ORDERED.
August 3, 2011
SIGNED this _____day of July, 2011.

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cc: Finance Office
U.S. Marshals Office

U.S. DISTRICT COURT JUDGE

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KYL_LB1423075

CEEDS OF SALE OF THE VESSEL M/T BLUE JADE - Case No. CV 110911 JSW

I